Quarterly Snapshot
| Metric | Q2'26 | YoY Δ | Q2'25 | |
|---|---|---|---|---|
| Profitability | ||||
| Return on Assets (%) | ▲ | 1.15% | +0.21 | 0.94% |
| Return on Equity (%) | ▲ | 12.67% | +1.92 | 10.75% |
| Net Interest Margin (%) | ▲ | 3.96% | +0.32 | 3.64% |
| Efficiency Ratio (%) | ▲ | 65.74% | -3.92 | 69.65% |
| Pre-Provision Profit ($M) | ▲ | $4 | +0.90 | $3 |
| Cost of Funds (%) | ▲ | 1.59% | -0.16 | 1.75% |
| Balance Sheet | ||||
| Total Assets ($M) | ▲ | $816 | +22.11 | $794 |
| Gross Loans ($M) | ▼ | $559 | -1.14 | $560 |
| Loan Growth YoY (%) | ▼ | 74.83% | -1.96 | 76.79% |
| Total Deposits ($M) | ▲ | $737 | +16.58 | $721 |
| Shareholders Equity ($M) | ▲ | $75 | +5.66 | $69 |
| Tang. Book Value ($M) | ▲ | $75 | +5.67 | $69 |
| TBV excl. AOCI ($M)** | ▲ | $81 | +5.92 | $75 |
| Loan / Deposit Ratio (%) | ▼ | 74.83% | -1.96 | 76.79% |
| Credit Quality | ||||
| NPA / Total Assets (%) | ▲ | 0.15% | -0.30 | 0.45% |
| Allowance / Loans (%) | — | 1.37% | 0.10% | 1.27% |
| Net Charge-Off Ratio (%) | ▲ | 0.22% | -0.41 | 0.63% |
| Capital | ||||
| Tier 1 Capital Ratio (%) | ▼ | 0.00% | -12.54 | 12.54% |
Noninterest income ($1.63M) is materially above the typical range relative to net interest income. This may include one-time items. Efficiency ratio may not reflect recurring earnings power.
** TBV excl. AOCI adds back unrealised losses on AFS securities to show capital excluding mark-to-market interest rate impact.
8-Quarter Trend
| Metric | Q3'24 | Q4'24 | Q1'25 | Q2'25 | Q3'25 | Q4'25 | Q1'26 | Q2'26 | |
|---|---|---|---|---|---|---|---|---|---|
| ▁▁▂▄▅▅▆█ | Net Interest Margin (%) | 3.40% | 3.42% | 3.53% | 3.64% | 3.70% | 3.74% | 3.79% | 3.96% |
| ▁▁▅▅▅▆▆█ | Return on Assets (%) | 0.66% | 0.69% | 0.91% | 0.94% | 0.94% | 0.99% | 0.98% | 1.15% |
| ██▃▃▃▃▂▁ | Efficiency Ratio (%) | 77.6% | 76.1% | 69.9% | 69.7% | 70.0% | 69.0% | 68.6% | 65.7% |
| ▇▆▇██▅▁▁ | Cost of Funds (%) | 1.72% | 1.70% | 1.71% | 1.75% | 1.75% | 1.69% | 1.58% | 1.59% |
| █▇▇█▁▄▂▁ | NPA / Assets (%) | 0.47% | 0.41% | 0.41% | 0.45% | 0.19% | 0.31% | 0.20% | 0.15% |
| ██▇█▁▅▂▁ | Net Charge-Off Ratio (%) | 0.66% | 0.61% | 0.60% | 0.63% | 0.26% | 0.45% | 0.30% | 0.22% |
| ▁▁▄▂▆███ | Tang. Book Value ($M) | $68 | $68 | $71 | $69 | $72 | $75 | $75 | $75 |
| ▁▁▃████▇ | Gross Loans ($M) | $532 | $535 | $542 | $560 | $564 | $563 | $562 | $559 |
| ▁▅▅▅▅▇█▇ | Total Deposits ($M) | $668 | $717 | $716 | $721 | $720 | $737 | $754 | $737 |
Portfolio Composition — Q2'26
| Loan Mix | % |
|---|---|
| Real Estate | 85% |
| C&I / Commercial | 10% |
| Consumer | 4% |
| Other | 2% |
| Deposit Mix | % |
|---|---|
| Nonint.-Bearing Demand | 24% |
| Interest-Bearing (core) | 56% |
| Brokered / Other | 20% |